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20110701
20110731
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CNN 1
CNNW 1
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Search Results 0 to 1 of about 2 (some duplicates have been removed)
CNN
Jul 17, 2011 10:00am PDT
to kind of place big bets for technologies of the future? >> yes. fundamentally, if you give $100 billion in solar panels, you get -- you probably pay 95 approximate billion in exist eninefficient technology. that's great. but if what we wanted was to get the new technology that eventually everyone, including the chinese and indians will buy, we should have spent all of it on research and technology. the trick is not to buy it too early. if you a allow me a metaphor. if you think back to the computers in the 1950s, if you wanted them to be cheaper so everyone could buy them, the answer was not to promise to buy a computer for every american family in the 1960s. it was terrible. tax a typewriter and hope that we get better computers. it was to dramatically invest in research, which is what we did with the space technology and that got us to a place where apple and ibm were making computers that everyone wanted to buy. in europe there is a big movement for banning the patio heaters because they felt that was luxury. you're supposed to freeze outside. and at the end of the day it shouldn't b
Search Results 0 to 1 of about 2 (some duplicates have been removed)